LAN Airlines S.A. and its subsidiaries, one of the leading airlines in Latin America, today announced that the Company signed an agreement with Boeing to adjust the delivery of ten Boeing 787-8 Dreamliners to be incorporated into the Company’s long haul fleet. This new delivery schedule anticipates by three years the arrival of this aircraft, previously scheduled for 2014 and now expected starting in the first semester of 2011.

In this way, LAN becomes the first airline in the western hemisphere to receive the Dreamliner, which is expected to revolutionize the airline industry, incorporating the most advanced technology. These ten aircraft are part of the original order for 26 Boeing 787s placed by LAN in 2007 and previously scheduled for delivery between 2014 and 2019. In addition, LAN has outstanding orders for six leased Dreamliners.

The Boeing 787-8 undertook its first flight in December 2009 and is expected to begin commercial operations in 2010. It has the capacity to seat approximately 250 passengers, providing a unique in-flight experience due to innovative technological advances featured inside the aircraft cabin. In addition, Dreamliners are fuel efficient and ecologically friendly, providing a significant reduction in emissions. The Dreamliners will assist in the renewal and growth of the Company’s long haul fleet, allowing LAN Airlines and its subsidiaries to serve international destinations, improving connectivity between Latin America, Europe and the United States.

Mr. Enrique Cueto, LAN’s Chief Executive Officer, stated, “The incorporation of the Boeing 787 ensures the Company’s sustainable growth while preserving the environment and incorporating state-of-the-art technology to deliver the best travel experience for LAN’s passengers. LAN looks forward to incorporating this new generation of aircraft in the first half of 2011”.

“Partnering with LAN Airlines, one of the world’s great air carriers is an exciting way to introduce the 787 to the flying public. We look forward to seeing the Dreamliner fly with LAN’s livery. The 787 Dreamliner represents one of those rare generational advancements in powered flight that will provide superior operating economics, compelling environmental performance and unique passenger comforts. LAN and its passengers will be among the early beneficiaries of these enhancements,” said Marlin Dailey, Vice President Sales Boeing Commercial Airplanes.”